Willis Towers Watson (WTW) Operating Margin (2009 - 2026)

Willis Towers Watson (WTW) reported Operating Margin of 18.96% for Q1 2026, down 47.0% on a YoY basis from 35.77% in Q1 2025, and down 42.66% quarter-over-quarter from 33.06% in Q4 2025.

Willis Towers Watson (WTW) Operating Margin (2009 - 2026) Analysis & Trends

Willis Towers Watson has reported Operating Margin for 18 years, with the latest figure at 18.96% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 47.0% year-over-year to 18.96%; the trailing twelve-month figure through Mar 2026 stood at 22.64% (up 1467.0% YoY), and the FY2025 full-year result was 23.01%, up 1670.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 18.96%, down from 33.06% in the prior quarter.
  • The five-year high for Operating Margin was 33.06% in Q4 2025, with the low at 33.46% in Q3 2024.
  • Historically, Operating Margin has averaged 13.42% across 5 years, with a median of 12.7% in 2023.
  • Annual changes were most pronounced in 2022 — Operating Margin tumbled 4930 bps — and 2025, when it surged 5213 bps.
  • Willis Towers Watson's Operating Margin stood at 26.39% in 2022, then advanced by 3 bps to 27.25% in 2023, then advanced by 9 bps to 29.69% in 2024, then grew by 11 bps to 33.06% in 2025, then sank by 43 bps to 18.96% in 2026.
  • The last three Operating Margin figures came in at 18.96% (Q1 2026), 33.06% (Q4 2025), and 18.66% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 23.09%
2 Aon 69.98 Bn 68.59 Bn - 34.07%
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - -
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 18.96%
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 83.90%
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 35.56%
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 13.68%
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 9.32%
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -19.15%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.96%
Dec 31, 2025 33.06%
Sep 30, 2025 18.66%
Jun 30, 2025 16.28%
Mar 31, 2025 19.43%
Dec 31, 2024 29.69%
Sep 30, 2024 -33.46%
Jun 30, 2024 9.55%
Mar 31, 2024 12.20%
Dec 31, 2023 27.25%
Sep 30, 2023 7.49%
Jun 30, 2023 6.70%
Mar 31, 2023 12.70%
Dec 31, 2022 26.39%
Sep 30, 2022 8.03%
Jun 30, 2022 6.94%
Mar 31, 2022 8.29%
Dec 31, 2021 25.50%
Sep 30, 2021 57.32%
Jun 30, 2021 8.13%